The New York State Department of Financial Services (NYDFS) has announced new regulations aimed at safeguarding investors in the cryptocurrency market. Cryptocurrency companies will now be required to submit their listing and delisting procedures for approval to the NYDFS. The regulator will evaluate these procedures based on stricter risk assessment guidelines, considering factors such as […]
Commerzbank, a leading German full-service bank, has achieved a significant milestone by becoming the first bank in Germany to receive a Crypto Custody Licence. This license allows the bank, which manages assets worth $536 billion, to offer a wide range of digital asset services, with a focus on popular cryptocurrencies like Bitcoin, XRP, and IOTA. […]
Binance, one of the world’s largest cryptocurrency exchanges, is set to launch a new exchange in Thailand in early 2024. The exchange, called Gulf Binance, is a joint venture with Gulf Energy Development, a major energy company in Thailand. Initially, Gulf Binance will be available on an invitation-only basis, with a public rollout planned for […]
The New York State Department of Financial Services (NYDFS) has announced stricter guidelines for cryptocurrency firms listing and delisting coins in the state. The new restrictions require crypto companies to submit their coin listing and delisting policies for NYDFS approval. These policies will be evaluated against more rigorous risk assessment standards to protect investors. Factors […]
Several American lawmakers have expressed concerns about the proposed taxation scheme for digital assets in a letter to the U.S. Treasury. They argue that the current rules could stifle innovation and harm the digital asset ecosystem. The lawmakers specifically highlight the expansion of the term “broker” to include DeFi services, which could require these platforms […]
